- U.S Markets closed yet at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are higher.
- SGX Nifty is Trading near 15750.
- From Last 4 days , Markets have been going higher in the first half or opening with gap up.
- Yesterday too we had a small gap up but was heavily sold into through out the day.
- Yesterday was the 4th Consecutive day where markets closed lower
- FII's are on a selling spree and have sold more than 1000 crores on a daily basis since a week now.
- DII's keep supporting the market at lower levels.
- Our Market isn't bearish and is still Consolidating.
- Range now has been 15700 to 15900.
- This is the near term range and larger range is 15500 to 16000.
- Within this range Market is trading with some swings.
- Yesterday was one of the flat expirys ever.
- Bank Nifty traded in 200 point range whereas Nifty in 50 point range.
- Option sellers had a good day yesterday.
- As premiums are too low now this is reducing Volatility too.
- Option writers should also focus on Trading Intraday and not carry significant positions home.
- For this weekly expiry calls have been written aggressively.
- This week might also be a Consolidation.
- From the next week , Corporate results will start coming in and that can trigger some move.
- Nifty might Trade between 15680 to 15860 today.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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